This is one of the many quality tuning projects that will be on show at this week’s Top Marques Monaco 2012 event.

The Top Marques Monaco 2012 event begins Thursday when some of the latest luxury supercars, tuning projects, watches and superboats will be on display for those with ample means to ponder over and consume.Russian outfit TopCar, known for the tuning of Bentleys, BMWs, and Porsches will be one of the exhibitors at the show, bringing with them two vehicles: the Porsche Panamera Stingray GTR being one of them.

Built in a limited range of 25 cars, the model being showcased is number 7 with each possessing unique characteristics. This particular example boasts a blue and carbon black color scheme, and is dressed in a glut of new carbon-fiber and Kevlar components including a front & rear bumper set, new carbon-fiber hood, front & rear fender extenders and door panels, and new side skirts. A new interior consists of carbon-fiber accents and plenty of Nappa leather.Mechanical improvements including a new sports air filter, intake manifold, and motronik & valved exhaust system, have increased power output to 600hp and with further modifications to 700hp.

Included in the conversion is a set of ADV.1 alloys, which can be selected from a diverse range. All these upgrades can be applied to any Panamera, and can be made to specific requirements.Prices for the complete transformation are €47,765 and €41,315 sans the carbon parts. That's not including the price of a Porsche Panamera of course.